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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79 What is the mystery behind it?.

Asia 97
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TTTech Auto expands in China with MotionWise software platform for automated driving

Green Car Congress

The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. Asia is one of the most important growth regions.

China 368
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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

Chinese 52
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Chinese language automakers to take hold of majority percentage of home gross sales for first week, forecast says

Baua Electric

million automobiles in 2030, when it projected greater than part of automobiles offered in China could be EVs. However Chinese language EV makers have additionally received field from a focal point on options reminiscent of complex driving force backup methods even on less expensive automobiles, the company mentioned. this life to 24.9

Chinese 52
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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China exported greater than 2 million automobiles in first part of 2023, BYD and Chery grew quickest

Baua Electric

Within the first part of this 12 months, China exported 2.14 Over the generation few years, Chinese language automobile exports have hovered round 1 million gadgets consistent with 12 months. General, Asia, Europe, and Latin The usa are the principle markets for China’s automobile exports. Extra particularly, 1.78

Chery 52
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BioAmber and CJ CheilJedang plan JV for bio-succinic acid production in Asia

Green Car Congress

Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. The goal is to competitively produce bio-succinic acid in China and quickly penetrate the world’s largest succinic acid market.

Asia 150